Which of the Following Is Not a Requirement for the Stock

question 18

Multiple Choice

Which of the following is not a requirement for the stock of a corporation to be considered Section 1244 stock?

• A)The stock must be voting stock
• B)The corporation must qualify as a small business corporation
• C)The corporation must be a domestic corporation
• D)The stock must be issued for money or property

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Definitions:

American Trade

Refers to the exchange of goods, services, and capital between the United States and other countries, characterized by its significant impact on the global economy.

Chinese Laws

The legal system and body of laws governing the People’s Republic of China, characterized by a blend of civil law, socialist legal principles, and traditional Chinese legal culture.

Statehood

The condition or status of being recognized as an independent state with a defined territory and government.